Tenet appears to be shrinking in size, there were 5 other hospitals sold in the Los Angeles area last year as well.  imageBD 

U.S. hospital operator Tenet Healthcare Corp. reported a $33 million fourth-quarter loss, mostly reflecting a charge on the sale of two hospitals.

Dallas-based Tenet said Tuesday that the quarterly loss was equivalent to seven cents a share on $2.2 billion in revenue. That compares with a loss of $75 million, or 16 cents a share, on $2.1 billion in revenue for the same quarter in 2007. 

In January, Tenet said it expected a $5 million profit in the fourth quarter. But a few weeks after making that forecast, the company announced the sale of USC University Hospital and USC Kenneth Norris Jr. Cancer Hospital to the University of Southern California.

Tenet Healthcare Posts Loss - WSJ.com

Related Reading:

How Hospitals Go To War – Tenet and HCA – It’s a Hedge War with Insurers
Tenet subsidiary announces closing of Irvine Regional Hospital – Orange County, CA
Tenet not renewing lease for Community Hospital – Los Gatos
Tenet Sells North Ridge Medical Center for $20M - Florida
Prime Healthcare to acquire three hospitals from Tenet Healthcare - California
Tenet Healthcare reports $31M loss
Tenet Healthcare to sell USC University Hospital

Tenet Takes A Hit – Even After selling several hospitals this year


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